Kazuki Watanabe

Koichi Niwa

Masao Muraki

Wataru Otsuka

Muraki

Nagasaka

Natsumu Tsujino

Otsuka

Tsujino

Watanabe

Koki Sato

Mia Nagasaka

Sato

- **Nomura Holdings, Inc.** reported **Q2 FY2026 net revenue of 515.5 billion yen (US$3.5 billion)**, representing a 7% increase year-on-year, while **net income was 92.1 billion yen (US$622 million)**, a 6% decrease year-on-year.  **[1163653_0001193125-25-252199_d38536d6k.htm:1]** 
- For the **first half of FY2026**, net revenue grew **11% year-on-year to 1,038.8 billion yen (US$7.0 billion)**, and **net income increased 18% year-on-year to 196.6 billion yen (US$1.3 billion)**.  **[1163653_0001193125-25-252199_d38536d6k.htm:1]** 
- The company achieved a **second quarter Return on Equity (ROE) of 10.6%** and a **first-half ROE of 11.3%**.  **[1163653_0001193125-25-252199_d38536d6k.htm:1]** 
- Divisional highlights include **Wealth Management's record high recurring revenue assets** with 14 consecutive quarters of net inflows, **Investment Management's all-time high Assets Under Management (AuM) of Y101.2 trillion**, and **Wholesale's 43% stronger pretax income** year-on-year.  **[1163653_0001193125-25-252199_d38536d6k.htm:1]** 
- Nomura declared a **half-year dividend of 27 yen per share**, payable on December 1, 2025, to shareholders of record as of September 30, 2025.  **[1163653_0001193125-25-252199_d38536d6k.htm:1]** **[1163653_0001193125-25-252199_d38536d6k.htm:4]**

Nomura Holdings, Inc. Reports Q2 FY2026 Financial Results and Declares Dividend

- Nomura Holdings reported **net income of ¥92.1 billion** and a **Return on Equity (ROE) of 10.6%** for Q2 2026, marking the sixth consecutive quarter of achieving its 2030 ROE target of 8-10% or more.  **[0001163653_2207269_1]** **[0001163653_2207269_5]** 
- Group-wide net revenue was **¥515.5 billion** in Q2 2026, with income before income taxes at **¥136.6 billion**.  **[0001163653_2207269_1]**  Excluding gains from real estate sales in the prior quarter, net revenue was up 10% and net income was up 40%.  **[0001163653_2207269_1]** 
- All four divisions demonstrated strong performance, with **Wealth Management** and **Investment Management** achieving record highs in recurring revenue/assets and assets under management, respectively, driven by consistent net inflows.  **[0001163653_2207269_1]** **[0001163653_2207269_2]**  The **Wholesale** division's income before income taxes rose **27% to ¥53.1 billion**, with equities revenue reaching a record high of **¥113.8 billion**.  **[0001163653_2207269_1]** **[0001163653_2207269_3]** 
- For the first half of the fiscal year, net income rose **18% year-on-year to ¥196.6 billion**, and ROE was **11.3%**.  **[0001163653_2207269_1]** 
- The Common Equity Tier 1 (CET1) ratio stood at **12.9%** at the end of September, within the target range of 11% to 14%, and a dividend of **¥27 per share** is expected for the period ended September 2025.  **[0001163653_2207269_1]** **[0001163653_2207269_4]**

Nomura Holdings Reports Strong Q2 2026 Results and Achieves ROE Target for Sixth Consecutive Quarter

- Nomura Holdings reported **net income of JPY 92.1 billion** and **earnings per share of JPY 30.49** for the second quarter of the fiscal year ending March 2026, with a **return on equity (ROE) of 10.6%**.  **[0001163653_2207459_1]**  This marks the **sixth consecutive quarter** of achieving the company's quantitative ROE target of **8%-10% or more**.  **[0001163653_2207459_1]** **[0001163653_2207459_5]**  For the first half of the fiscal year, net income rose **18% to JPY 196.6 billion**, and ROE was **11.3%**.  **[0001163653_2207459_1]** 
- Both Wealth Management and Investment Management divisions achieved **record highs** in recurring revenue assets and assets under management, respectively, driven by **14th and 10th consecutive quarters of net inflows**.  **[0001163653_2207459_1]** **[0001163653_2207459_2]**  The Wholesale division's income before income taxes increased **27% to JPY 53.1 billion**, with **record-high net revenue in equities** within Global Markets.  **[0001163653_2207459_1]** **[0001163653_2207459_3]** 
- The Common Equity Tier 1 (CET1) ratio stood at **12.9%** at the end of September, within the target range of 11%-14%, though it is expected to decrease by approximately **0.7 percentage points** after the Macquarie acquisition.  **[0001163653_2207459_4]** 
- Phishing scams negatively impacted Q2 profit by **JPY 4.8 billion**, but the situation has since stabilized due to increased security measures.  **[0001163653_2207459_4]** **[0001163653_2207459_5]** 
- A dividend of **JPY 27 per share** is expected for the period ended September 2025, representing a payout ratio of **40.3%**.  **[0001163653_2207459_1]**

Nomura Holdings Reports Strong Q2 2026 Earnings, Exceeding ROE Target

- Nomura Holdings reported **Q2 FY2026 net income of ¥92.1 billion** on **net revenue of ¥515.5 billion**, representing a 12% and 2% quarter-on-quarter decrease, respectively.  **[0001163653_2207088_1]**  However, excluding gains from real estate sales, net revenue increased 10% and net income rose 40%.  **[0001163653_2207088_1]** 
- The company achieved an **Earnings Per Share (EPS) of ¥30.49** and a **Return on Equity (ROE) of 10.6%** for the quarter, exceeding its 8-10% target for the sixth consecutive quarter.  **[0001163653_2207088_1]** **[0001163653_2207088_6]**  First-half FY2026 ROE was **11.3%**.  **[0001163653_2207088_1]** **[0001163653_2207088_6]** 
- Divisional performance was strong, with Wealth Management's income before income taxes up **17% to ¥45.5 billion** and Investment Management's up **43% to ¥30.7 billion**.  **[0001163653_2207088_2]**  Wholesale's income before income taxes increased **27% to ¥53.1 billion**, primarily driven by a record-high **¥113.8 billion** in equities revenue.  **[0001163653_2207088_4]** 
- Assets under management in Investment Management reached a record **¥101.2 trillion**, and recurring revenue assets in Wealth Management also hit a record **¥26.2 trillion**.  **[0001163653_2207088_2]**  The company expects to pay a **¥27 per share dividend** for the period ended September 2025.  **[0001163653_2207088_1]**

Nomura Holdings Reports Q2 FY2026 Results with Strong Divisional Performance

- **Nomura Holdings**, through its subsidiary **Laser Digital Holdings**, is in pre-consultation with Japan's Financial Services Agency to secure a license for offering **crypto trading services to institutional clients**.  **[1163653_dc384c3771b44446881526466232a564]** 
- This expansion targets Japan's **rapidly growing crypto market**, which saw transaction volumes of approximately **$230 billion** in the first seven months of the year, supported by government reforms and anticipated tax incentives.  **[1163653_dc384c3771b44446881526466232a564]** 
- **Laser Digital** plans to establish a **Tokyo office**, led by former Nomura executive **Hideaki Kudo**, to serve institutional investors with products including Bitcoin and other cryptocurrencies.  **[1163653_dc384c3771b44446881526466232a564]** 
- Despite setbacks in Europe, Nomura remains committed to integrating digital assets into traditional finance, leveraging Japan's regulatory clarity and supportive initiatives.  **[1163653_dc384c3771b44446881526466232a564]**

Nomura's Laser Digital Seeks Institutional Crypto Trading License in Japan

- Nova priced an upsized private offering of **$650 million** aggregate principal amount of **0.00% Convertible Senior Notes due 2030**, with an option for initial purchasers to buy an additional **$100 million**.  **[1163653_20250903IO64323:0]** 
- The notes have an initial conversion price of approximately **$320.16 per share**, which represents a **35.0% conversion premium** over Nova's ordinary shares last reported sale price on September 2, 2025.  **[1163653_20250903IO64323:0]** 
- Nova expects net proceeds of approximately **$631.5 million** (or **$729.0 million** if the option is fully exercised), which will be used for general corporate purposes, including potential mergers and acquisitions, business development, and new product development, after allocating **$44.9 million** for capped call transactions designed to reduce potential dilution.  **[1163653_20250903IO64323:2]** **[1163653_20250903IO64323:1]**

Nova Prices Upsized Convertible Senior Notes Offering

- Nova (NASDAQ: NVMI) announced the release of its latest optical metrology solution, the **Nova WMC**, a **next-generation modular platform** designed for **advanced packaging applications** in semiconductor manufacturing.  **[1163653_20250826IO59130:0]** 
- The Nova WMC is engineered to meet the evolving needs of **2.5D and 3D advanced packaging processes**, including hybrid bonding, and can address challenges such as high warpage and non-symmetric shapes.  **[1163653_20250826IO59130:0]** 
- The platform has already been **adopted by a leading memory manufacturer** for High Bandwidth Memory, and Nova has received **several additional orders** from manufacturers of logic, advanced memory, and power devices.  **[1163653_20250826IO59130:0]** 
- Nova has recognized revenue for the first system and expects to recognize revenue for **multiple additional systems by the end of 2025**.  **[1163653_20250826IO59130:0]**

NOMURA HOLDINGS (NMR)